I mean, did the first word processor you use allow collaborative working on documents available anywhere with an internet connection, constantly backed up to Dropbox servers?
Sure, the internet makes our lives a lot better, but Wordpad sticking regular .rtf files in a vanilla Dropbox folder would provide 80% of the benefit. Realtime same-file editing is convenient, but it's pretty minor really.
It was actually very useful at my last company. We used it in many different kinds of meetings. I think it will pave the way to some interesting collaborative software in the future.